Terramin Australia (ASX:TZN) subsidiary, Terramin Exploration, signed an agreement with major shareholder Asipac Group to increase the unsecured standby term facility to $2.4 million from $1 million, according to a Friday filing with the Australian bourse.
Additionally, Terramin Exploration and the company agreed with Asipac Group to extend the term of its existing loan facilities, including the secured standby term facility, unsecured standby term facility, and Bird in Hand facility, until Jun. 30, 2025, the filing said.
Terramin Australia shares rose nearly 5% in afternoon trade Monday.
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